caa a22 4500 388069619 CHVBK 20180307125144.0 cr unu---uuuuu 161130e199909 xx s 000 0 eng 10.1017/S0022050700023585 doi S0022050700023585 pii (NATIONALLICENCE)cambridge-10.1017/S0022050700023585 Kim Sukkoo Department of Economics, Washington University in St. Louis, St. Louis, MO 63130-4899 Decomposing U.S. Regional Incomes: A Reply [Elektronische Daten] [Sukkoo Kim] In recent years there has been a resurgence of interest in the phenomenon of economic growth. The interest was sparked by the introduction of new models by Paul Romer and Robert Lucas. The neoclassical Solow growth model, despite its influence over the years, has a fundamental flaw: growth is determined exogenously. The new models by Romer and Lucas solve for the growth rate of the economy endogenously. In these models, due to spillovers in capital or in human capital, growth can go on indefinitely. In a later work, Romer argued that increasing returns are necessary elements in models of technological innovations, which in turn form the foundation for endogenous growth models. The theoretical innovations in modeling growth stimulated a significant body of empirical work. Copyright © The Economic History Association 1999 The Journal of Economic History Cambridge University Press 59/3(1999-09), 779-786 0022-0507 59:3<779 1999 59 JEH https://doi.org/10.1017/S0022050700023585 text/html Onlinezugriff via DOI 1 other jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0022050700023585 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Kim Sukkoo Department of Economics, Washington University in St. Louis, St. Louis, MO 63130-4899 NATIONALLICENCE 773 0- The Journal of Economic History Cambridge University Press 59/3(1999-09), 779-786 0022-0507 59:3<779 1999 59 JEH CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge